1. Explain your understanding of what are "Red Circled" employees, how do they arise, and suggest how you could possibly manage those who are satisfactory performers and those who are not.
2. Bobby borrowed money that must be repaid in 9 months. The first 4 payments of R2000 each are paid at the beginning of each year. Thereafter 5 payments of R5000 each are paid at the end of each year. Note there is only 1 payment per year. If money is worth 6.85% per year, what is the present value of these payments. Please show calculations